Oak Hill Advisors Invests in IDEAL Holdings

Paul, Weiss is advising Oak Hill Advisors (UK) LLP in its partnership with, and investment in, IDEAL Holdings’ subsidiaries, including attica department stores, information technology and communications businesses Byte, Adacom and Bluestream Solutions, and frozen food business Barba Stathis. IDEAL is an investment firm based in Athens, Greece. Under the terms of the agreement, IDEAL will create a corporate vehicle holding 100% of IDEAL’s investments with an equity value of €410 million. Oak Hill will acquire 15% with the option to acquire another 10% within six months.

Upon completion of this investment, expected in H2 2025, subject to customary closing conditions and approvals, Oak Hill will also acquire up to 4% of the share capital of IDEAL Holdings, which is listed on the Athens stock exchange. Oak Hill will also have the right to co-invest an additional €200 million in the corporate vehicle over the next two years to support its growth plans.

The Paul, Weiss team is led by corporate partner Oliver Marcuse and includes partners Neel Sachdev, Roger Johnson and Matthew Hearn; tax partners Timothy Lowe and Brian Grieve; and antitrust partner Ross Ferguson.